January 2014
24
Multi-Residential Seaport Sq. to Break Ground in April
National Development Plans for SEPIA Cranshaw Const. GC – Elkus Manferedi Architects
MS Boston Seaport Sells Land for $72M Boston - MS Boston Seaport LLC., a joint venture between Morgan Stanley Real Estate Investing and Boston Global Investors (BGI), announced they sold One Seaport Square, three acres of land located in the Seaport District of Boston, for $72 million to a new joint development venture led by Berkshire Group, headquartered in Boston. The Boston Redevelopment Authority Board voted recently to give One Seaport Square final approval, culminating a year-long process of design review hearings. The project is slated to break ground in April 2014 and is scheduled to be completed in 2016. Seaport Square is the largest master-planned project in the city of Boston, with approximately 6.3 million sf of mixed-use projects planned on 23 acres of land in total. The development will serve as the gateway to what Mayor Menino has deemed the Innovation District, a stretch of the South Boston waterfront devoted to innovation, collaboration, and entrepreneurship. One Seaport Square will encompass two 22-story towers, consisting of 832 luxury apartment homes, constructed
Aerial view of Ink Block South End
Rendering by Elkus Manfredi Architects
Seaport Square
above 260,000sf of retail space. The residential towers will enjoy Boston skyline and harbor views and are designed with extensive amenity spaces, including expansive roof decks and a resort-style pool. In a joint venture led by Berkshire Group, Berkshire Group and BGI, the master developer of Seaport Square, will own and develop the residential component of the project. WS Development will develop, own, and manage the retail component of One Seaport Square.
Boston - National Development announced its development plans for Sepia at Ink Block, 83 luxury condominiums that will be built as part of Ink Block South End. Sepia at Ink Block represents the sole luxury condominium development planned for new construction throughout the city of Boston. Offering city living and skyline views with sophisticated amenities, the Ink Block community will encompass six buildings on a full city block and consist of a flagship Whole Foods, additional shops and restaurants, parking, and luxury amenities, creating a new opportunity for urban life, South End style. Located on the former site of the Boston Herald building, Ink Block South
End will serve as a new hub for life South End style and feature a total of 475 units of housing, including the 83 condominiums at SEPIA, and 85,000sf of premier retail space. 1 Ink, 2 Ink, and 3 Ink will offer one-, two- and three-bedroom rental apartments located above retail space and underground parking Construction is planned to begin in early 2014. The SEPIA condos are slated to be complete and open for occupancy in mid-2015. Cranshaw Construction is the general contractor, and Elkus Manfredi Architects is the architect for SEPIA. The Collaborative Companies will serve as the marketing and sales agency.
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